Aug 14, 2020-Friday

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Friday, Aug 14, 2020
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Cbic

Aug 02, 2020 14:01
On June 8, 2020, the Central Board of Indirect Taxes and Customs (CBIC) had rolled out in Bengaluru and Chennai the first phase of “faceless assessment” scheme for imported goods, as it prepared for pan-India roll out by January 1, 2021. read more
Jul 07, 2020 07:34
“Government has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963,” it said in a statement after a news item appeared in certain sections of media that the government was considering merging the two boards. read more
Jul 03, 2020 17:18
The Central Board of Indirect taxes and Customs (CBIC) has already notified that there will be no late fees if there is no tax liability, and, if there is any tax liability then a maximum late fee of Rs 500 per return would be applicable to such GSTR-3B returns. read more
Jun 01, 2020 19:57
The CBIC  said no late fee will be charged till the end of this month for GST returns of  February, March, April and May read more
Apr 29, 2020 00:14
According to the guidelines, the new system would also facilitate importers, exporters, passengers, advocates, tax practitioners and authorised representatives to maintain social distancing while performing their work at ease, from a place of their choice. read more
Apr 28, 2020 23:41
According to the guidelines, the new system would help importers, exporters, international passengers, advocates, tax practitioners and authorised representatives interacting with officials the Customs department to maintain social distancing while performing their work from a place of their choice. read more
Dec 17, 2019 16:21
Taxmen have been told that the corporate tax relief worth Rs 1.45 lakh crore should not be taken as an excuse for lesser direct tax collection target. read more
Aug 26, 2019 11:03
Finance Minister Nirmala Sitharaman had earlier sacked 27 senior Indian Revenue Service officers including 12 from the income tax department. read more
Jun 15, 2019 23:14
The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market. read more
Mar 09, 2019 07:35
Union Finance Minister Arun Jaitley and Finance Ministers of Delhi, Bihar and Himachal Pradesh at the 33rd GST Council meeting, in New Delhi. read more
Jan 25, 2019 21:10
The government in last few years has made an “honest attempt” to make the tax administration taxpayer friendly, and worked towards continuously bringing down tax rates, and make compliance easier. read more
Jul 12, 2018 16:48
To reduce tax litigation, the government on Wednesday hiked the threshold limit for filing appeals in tribunals to Rs 20 lakh, while the same for High Courts and the Supreme Court has been raised to Rs 50 lakh and Rs 1 crore. read more
Mar 31, 2018 21:35
The change was necessitated due to enactment of Goods and Services Tax which has consolidated multiple indirect taxes into one tax. read more